Common use of Borrower Bank Account Clause in Contracts

Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the Cargill Charter (the "Bulk Beothuk Hire Account").

Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the Cargill Charter (the "“Bulk Beothuk Cajun Hire Account"”).

Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the Cargill Charter (the "“Bulk Beothuk Discovery Hire Account"”).

Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the Cargill ED & F Charter (the "Bulk Beothuk Liberty Hire Account").